AUDUSD collapsed in today’s session.

Posted On 04 Jan 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.0911	1.0965	1.0995
Support	1.0828	1.0798	1.0744
Primary Scenario	EURUSD bounced up from the previous bottom (1.0828) and is now heading towards the hurdle at 1.0911. If the pair manages to exceed this level, it will target the forthcoming resistance level at 1.0965.
Alternative Scenario	A plunge of the market below the daily pivot (1.0882) will pave the path down to 1.0828.

	GBPUSD	H4
Resistance	1.4813	1.4884	1.4924
Support	1.4703	1.4662	1.4592
Primary Scenario	The pair is following a downtrend. A break back below the key support at 1.4703 will lead GBPUSD to find support at 1.4662 and then lower at 1.4592.
Alternative Scenario	On the other hand, an upward wave would lift the exchange rate towards the daily pivot point at 1.4773 and further up to 1.4813.

	USDCHF	H4
Resistance	1.0068	1.0118	1.0216
Support	0.9919	0.9821	0.9771
Primary Scenario	USDCHF edged up at 1.0025, before retracing below the daily pivot (0.9969). A deeper correction of the market will push prices to find support at 0.9919 and even lower at 0.9821.
Alternative Scenario	A higher thrust of the pair will fuel the pair to penetrate the daily pivot, with immediate target the resistance at 1.0068.

	USDJPY	H4
Resistance	119.59	120.04	120.64
Support	119.22	118.81	118.06
Primary Scenario	The USDJPY pounded in the first year’s session. Further drop of the market will lead the rate to eliminate the support at 119.22, targeting the forthcoming levels at 118.81 and 118.06.
Alternative Scenario	Alternatively, if the pair achieves to surpass the hurdle at 119.59, it will eye the resistance at 120.04. RSI oscillator supports this scenario.

	AUDUSD	H4
Resistance	0.7319	0.7353	0.7379
Support	0.7258	0.7231	0.7197
Primary Scenario	AUDUSD collapsed in today’s session. A persistent trading below the now-resistance at 0.7231 will put pressure to the exchange rate to eliminate the support at 0.7197. The next support is estimated at 0.7155.
Alternative Scenario.	A comeback of the market will lead the currency pair to exceed the barrier at 0.7231, targeting the resistance at 0.7258.

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Source:: AUDUSD collapsed in today’s session.

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